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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net loss attributable to common stockholders $ (107,294) $ (153,875) $ (80,026)
Adjustments to reconcile net loss attributable to common stockholders to net cash used in operating activities:      
Depreciation and amortization 24,588 21,216 15,297
Amortization of deferred contract costs 48,161 32,279 17,801
Stock-based compensation 96,046 81,293 34,680
Allowance for credit losses 1,662 960 326
Accretion of marketable securities (7,492) (896) 0
Non-cash operating lease expense 5,856 6,205 0
Unrealized loss on strategic investments 1,793 2,896 0
Other 1,178 690 0
Changes in operating assets and liabilities:      
Accounts receivable 10,313 (32,309) (27,000)
Prepaid expenses and other assets (5,831) (4) (9,903)
Deferred contract costs (56,890) (53,379) (36,508)
Accounts payable, accrued expenses and other liabilities (14,429) (28,620) 7,272
Content costs payable 2,967 1,349 4,389
Operating lease liabilities (6,768) (6,487) 0
Deferred revenue 4,135 67,725 66,568
Net cash used in operating activities (2,005) (60,957) (7,104)
Cash flows from investing activities:      
Purchases of marketable securities (307,706) (158,503) 0
Proceeds from maturities of marketable securities 295,800 7,500 0
Purchases of property and equipment (632) (1,564) (5,335)
Capitalized software costs (12,434) (14,160) (12,868)
Purchases of strategic investments 0 (5,000) (10,000)
Payments related to business combinations 0 (1,500) (24,490)
Net cash used in investing activities (24,972) (173,227) (52,693)
Cash flows from financing activities:      
Net proceeds from exercise of stock options 17,911 7,149 10,878
Taxes paid related to net share settlement of equity awards (6,760) 0 0
Net proceeds from issuance of redeemable convertible preferred stock 0 0 2
Proceeds from share purchases under employee stock purchase plan 8,044 9,192 0
Payment of redeemable convertible preferred stock issuance costs 0 0 (2,250)
Payment of deferred offering costs 0 (1,586) (5,183)
Cash proceeds from initial public offering 0 0 415,187
Net cash provided by financing activities 19,195 14,755 418,634
Effect of foreign exchange rates on cash flows 20 (25) 0
Net increase (decrease) in cash, cash equivalents and restricted cash (7,762) (219,454) 358,837
Cash, cash equivalents and restricted cash—Beginning of period 317,314 536,768 177,931
Cash, cash equivalents and restricted cash—End of period 309,552 317,314 536,768
Reconciliation of cash, cash equivalents and restricted cash:      
Cash and cash equivalents 305,564 313,685 533,868
Restricted cash, current 3,329 0 0
Restricted cash, non-current 659 3,629 2,900
Total cash, cash equivalents and restricted cash 309,552 317,314 536,768
Supplemental disclosures of cash flow information:      
Interest paid 3,188 23 90
Income taxes paid 1,418 678 385
Supplemental disclosure of non-cash investing and financing activities:      
Stock-based compensation in capitalized costs 9,175 5,911 2,571
Net change in unrealized gain (loss) on marketable securities 289 (213) 0
Unpaid deferred offering costs 0 0 1,586
Acquisition holdback liability $ 0 $ 0 $ 1,500